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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Pugs who wrote (39595)2/1/1998 11:13:00 AM
From: Mr. Dendro  Read Replies (2) of 55532
 
Hey Pugs!

"Do your own DD." There is NO WAY to do DD on the short squeeze, because the cartel, foundation, or whatever you're calling yourselves these days is in total control of the numbers of shares held and certificates held. We have NO CHOICE but to blindly believe whatever information you're willing to share.
Moreover, when I did my own DD, it did not verify what you've been saying. Lori told me there were 3.3 million unrestricted shares. If so, then there is no short squeeze.

"DO the math." I did. Why does the float keep getting bigger? It's not too hard to figure. There were 2 million shares issued to officers of the company as part of a stock option plan. Lori said there are currently 800,000 shares held by insiders. Where did the other 1.2 million shares go? IF YOU DO THE MATH, its obvious that the insiders sold them. This is perfectly consistent with what we know about the company. RMIL appears to have little if any cash flow. How then does it pay its officers? With stock. Can they use stock certificates to pay their mortgages, make their car payments, and put food on the table? No. They HAD to to sell the stock. As more bills become due, they will sell more stock. ITS SIMPLE MATH.
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